The following stocks are the leading risers and fallers on AIM in London on Monday.
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AIM - WINNERS
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UniVision Engineering Ltd, up 32% at 0.33 pence, 12-month range 0.20p-1.30p. Shares recover after tumbling on Friday following an announcement about the cancellation of a contract. The CCTV and surveillance system company said Friday a deal for the replacement works of CCTV system for MTR Corporation Ltd’s railway was cancelled.
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Filtronic PLC, up 26% at 11.36 pence, 12-month range 8.50p-13.50p. Shares surge after the Leeds-based antenna maker announced top line growth in its recently ended financial year, cementing its guidance of profit beating market expectations despite the global semiconductor shortage. For the year ended May 31, the company expects revenue to be around £17.1 million, up 9.6% from £15.6 million the year before.
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Plexus Holdings PLC, up 9.1% at 4.09 pence, 12-month range 3.71p-14.50p. The engineering services provider announces a new purchase order for Plug & Abandonment equipment and services. The West Sussex-based firm expects the new order with Oceaneering International Services Ltd to generate revenue in the region of £500,000 in 2023. The customer is a division of Oceaneering International Inc, a subsea engineering and applied technology company.
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AIM - LOSERS
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Actual Experience PLC, down 47% at 4.00p, 12-month range 2.75p-114.00p. Human experience analytics-as-a-service company on Friday said a channel partner, a global energy supplier, will terminate its contract with Actual on August 18, after the contract was first announced in August 2021. The contract had a total value of £1.0 million, and was meant to run over a three-year period. The contract has generated around £200,000 in value so far.
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Forward Partners Group PLC, down 16% at 50.00 pence, 12-month range 40.00p-130.00p. The investment firm warns of ‘downward pressure on valuations and funding rounds’ as investor confidence weakens. ‘The delay in funding rounds will result in key portfolio companies moving from being valued with reference to the price of the last round of investment to being valued on a revenue multiples basis. Further, those multiples are calculated from the enterprise values of listed peers which are trading at much lower levels than a year prior,’ Forward says. It expects to see a ‘mid-to-high twenties percentage point decline’ in its Ventures portfolio valuation at the half-year. Shares hit the 12-month low on Monday.
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